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    Exam 7: Foreign Currency Derivatives: Futures and Options
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    A Call Option Whose Exercise Price Is Less Than the Spot
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A Call Option Whose Exercise Price Is Less Than the Spot

Question 65

Question 65

Multiple Choice

A call option whose exercise price is less than the spot price is said to be:


A) in-the-money.
B) at-the-money.
C) out-of-the-money.
D) under-the-spot.

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